Economic Growth and Poverty Gap Essay

were loss in nationalizing the state-owned electricity firm Eskom. Proponents of GEAR promised 3-4 percent annual employment growth, but instead delivered 1-4 percent job loss during the late 1990s. Unemployment rates grew from 16 percent in 1995 to 30 percent in 2002, coincided with the sale of over 30 SOEs at value of over R35 billion (Afeikhena, 11). Unemployment creates a gap between the employed and unemployed, increasing the degree of income inequality. Since low-skill, low-education…

September 2015. The newest version of Sustainable Development goals consists of 17 goals which were increased from the previous version that have only 8 goals. The new SDGs cover several topics. The first topic is no poverty which means that the purpose of this goal is trying to reduce the poverty rate of people in the world. Based on UN information…

Ben Cardin, the U.S Senator of Maryland have stated, “Every time we’ve increased the minimum wage, we’ve seen a growth in jobs, not a loss of jobs.” This is simply saying that ever that since the increase in minimum wage, there has been a growth throughout the job industry. The probability of someone depending on welfare will start to increase if one is making $7.25 an hour. People rely on welfare because minimum wage is just…

be found, and the availability of food is accessible (prices of food). In the article “Food Justice and Agriculture,” it mentions, “Accessibility is also envisaged from an economic point of view, thereby raising the issue of what is accessible, for whom and at what cost” (Hochedez, Le Gall). There is an economic and social gap that sets minorities to the disadvantage in the purchase of perishables. If higher wages were provided then many households…

on a safari to see the big, beautiful wild animals, to watch the sunset from the terrace, sitting in a vineyard sipping wine from a glass, and to stay in one of the most luxurious resorts around the country. What also surprised me more is the great gap between the rich and the poor. While the financial area of the city has modern buildings and luxury vehicles, the other side of the street lays the abandoned buildings where most glasses are broken and full of violent graffiti over the walls. The…

To see the gender gap scores in schools, we will compare data from 1985 and 1995. A score between 4 and 12 is seen as a “moderate gap” in countries and in 1985, Congo scored an 11 (quite high) and the gap narrowed to a 9 in 1995. From this data,…

Economic and Political Inequality in the U.S. The economic inequality in the U.S. today is brought about by the capitalist form of economy in the country. Capitalism advocates for an economic and political system where individuals own the factors of production rather than the state. Individuals in the US own industries and trade to earn profits. This system has created economic inequality throughout the country since there is the uneven distribution of economic resources. Capitalism…

Having seen the how past government programs can shift the distribution of wealth in the United States, it is important to recognize how effective government run social and anti-poverty programs are to providing profitable opportunities for impoverished citizens and communities. In the democracy we live in, income distribution offers incentive to become more productive and successful should compel citizens to work harder and earn more. (Tucker 324) However, there will always be uncontrollable…

without thinking of the consequences that can come from a diminished middle class. As Charlie Chaplin had once said, “greed has poisoned men's souls,” and is destroying the American Dream. Most people cannot get ahead financially due to the rising gap between…

Wealth inequality has increased drastically over the last decade. Inequality in itself is not necessarily a social problem. Some people will always have more than others. But when the wealth gap is so blatantly wide that it hinders our economy and negatively affects the majority of the population, it is obvious there needs to be reforms within the system that is unfairly rigged to help the wealthy accrue more and more while the poorest members of the population see their already meager…